Written answers

Tuesday, 9 July 2013

Photo of Andrew DoyleAndrew Doyle (Wicklow, Fine Gael)
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145. To ask the Minister for Finance further to Parliamentary Question No. 240 of 2 July 2013, regarding anti-money laundering requirements for prize bonds, if officials in his Department have engaged with the National Treasury Management Agency regarding whether exemptions will be made available under European directives applied to small value purchases of prize bonds facilitated on behalf of the State by An Post and the Prize Bond Company; and if he will make a statement on the matter. [33416/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Officials of my Department are exploring with the National Treasury Management Agency (NTMA) whether or not exemptions available under the Third Money Laundering Directive (2005/60/EC) and its Implementing Directive (2006/70/EC) may be applied to small value purchases of prize bonds facilitated on behalf of the State by An Post and the Prize Bond Company.

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